PLEDGE

PLEDGE

University

20 Qs

quiz-placeholder

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PLEDGE

PLEDGE

Assessment

Quiz

Education

University

Medium

Created by

Sally Cabangis

Used 21+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A pledge, to be valid, must be clearly described on a ...

Private instrument

Check

Public instrument

TCT

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The pledgor can sell a thing pledged with the ___ of the pledgee.

Knowledge

Consent

Email

None of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An instrument, to be considered public, must be administered by a...

Judge

Executor

Priest

Notary Public

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The pledgor or mortgagor must be the ___ owner of the thing pledged or mortgaged.

Absolute

Conditional

Registered

Two of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An appropriation by the creditor of the thing pledged is ___.

Valid, if consented to

Conditional

Null and void

Enforceable

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Excluded from chattel mortgage

Motor vehicles

Vessels

Buildings

Machinery attached to real property

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The property is security for a debt.

Voluntary

Equitable

Legal

Conventional

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